AFN News November 11

 

ABC NEWS   NOVEMBER 11, 2021

 

1)        From ABC news, I am Michelle Franzen.  President Biden will sign the bipartisan infrastructure bill Monday in Washington in the ceremony with both Democrats and Republicans.  Today the president toured the Baltimore Port, highlight in how funding, he says, for projects will ease supply chain issues and those inflationary concerns; “Many people remain unsettled about the economy, and we all know why.  They see higher prices.  They go to the store or online if they can’t.  They go to the store, go online, they can’t find what they always want.  And when they want it, and we are tracking these issues, and trying to figure out how to tackle them head on.”

 

2)        In Wisconsin, Kyle Rittenhouse was the star witness for the defense today, testifying that he acted in self-defense when his shooting killed 2 demonstrators last summer and injured a third.  At one point, he broke down crying while describing the moments leading to the shooting of Joseph Rosenbaum.  In cross-examination, prosecutor Thomas Binger questioned why Rittenhouse felt threatened.  “Neither the first or the second time, did he run at you or charge at you or anything like that, did he?”  “He didn’t chase then.”  “He didn’t even do anything physically aggressive to you, did he?”  “No.”  “He just said some words.”  “Yes.”  The judge also admonished the prosecution for its line of questioning at one point of Rittenhouse.  The defense said it will file motion for mistrial.

 

3)      The de-trialed deposition of New York’s former governor over sexual misconduct.  The allegations now public.  “The state trooper on then-governor Cuomo security detail said she felt completely violated.  Cuomo was leaving a 2019 grand breaking ceremony for a new Islanders arena, and as the trooper held the door, she said she felt the palm of his hand in the center of her stomach.  She told investigators a little bit north or a little bit south, it’s not good.  Cuomo told investigators he didn’t remember doing that, but if he did, it was incidental.  In his sworn testimony, Cuomo was defiant and convinced to his being questioned for a biased political investigation.  You’re listening to ABC News.

 

 

4-1)  I am Maria Bartiromo, and this is the Fox Business report.

      “Stocks tumbled after the latest reading on inflation showed consumer prices accelerated by the most in 3-decades, rising 6.2% annually in October.  Energy and tech stocks were among the biggest laggers.  The Dow winners today; Amgen, Visa and American Express.  The Dow decliners; Salesforce, Microsoft and United Health.  The Dow falling 240 points, the Nasdaq down 264, S&P 500 down 39.

 

 4-2)  And Rivian Automotive went public with a bang today in the largest initial public offering of the year.  Rivian priced its initial public offering at $78, well above its expected range, and its shares surged around 30%.

 

 4-3)  And MasterCard shares rose close to 4% after the payments titan delivered new growth targets for the next few years, added Wednesday investor day event, showing faster earnings and revenue growth.

 That’s your Fox Business report.  I am Hilarie Barsky, invested in you.”  

AFN News November 4

 

ABC NEWS   NOVEMBER 4, 2021 

1)        From ABC news, I am Daria Albinger.  President Biden says the country is taking a giant step out of the coronavirus pandemic, now that kids ages 5-11 can get the vaccine; “Twenty-eight million more young Americans are now eligible for the protection of a vaccine.  And my administration is ready, we are ready from day one, today, (we’re) organized and have a plan for this vaccination’s launch.” 

2)        Mr. Biden then pushed back against the notion that the off-year election results were statement about his presidency.  “People are upset and uncertain about a lot of things, from COVID, to school, to jobs, to whole range of things and the cost of a gallon of gasoline.”  Mr. Biden suggested his inability to get Congress to pass his infrastructure and Build Back Better bills ahead of the election, really didn’t make a difference.  Speaker Nancy Pelosi says the House will vote on both bills this week.

3)        Once again Senate Republicans blocked debate on a voting rights bill, and that’s prompting new talk of whether it’s time to end the filibuster.  “Actually, Republicans blocked the voting right act’s debate; ‘This is about our democracy’, Vice President Kamala Harris outlined the states; ‘whether or not we are going to make it more difficult as is happening in many states, or protect and make it easier for people to vote.’  Only one Republican, Alaska Senator Lisa Murkowski voted with Democrats to end the voting rights filibuster.  Democrats need 9 more Republicans.  Andy Field, ABC News, Washington.”

4)        The European Union senior diplomat says nuclear talks with Iran will resume on November 29th.

5)        The Federal Reserve says inflation appears to be a longer-term issue than it originally thought it would be.  So, it’s going to begin dialing back the extraordinary stimulus that it’s provided since the coronavirus pandemic began. 

6)  Stocks climbed all-time highs; the Dow and S&P 500 at new records.  You’re listening to ABC News.

7-1)  I am Liz Claman, and this is the Fox Business report.

      “Stocks rose to new records after the Fed made its long-awaited announcement to slow the monthly bond purchases that they will put in place to prop up the economy during the pandemic.  The Dow rising105 points, the Nasdaq up 162, S&P 500 up 30.

7-2)  Allbirds got a running start in its first day of trading as a public company.  The maker of sustainable shoe sold shares surged 91% from its initial public offering price of $15. 

7-3)  And Dick’s Sporting Goods shares jumped 6% after the athletic retailer announced a partnership with Nike.  Dick’s scorecard members can now link their rewards account to their Nike membership account by the Dick’s mobile app.  Customers will then have access to member-exclusive merchandise launches and instore events.

7-4)  And Starbucks has unveiled its holiday food and drink lineup along with its festive cups which will be available in the US and Canada on Wednesday.

 That’s your Fox Business report.  I am Hilarie Barsky, invested in you.”  

AFN News October 28

 

ABC NEWS   OCTOBER 28, 2021 

1)        From ABC news, I am Daria Albinger.  Democrats are still debating what stays and what will be cut from bill Back Better.  A source close to the top says paid family and medical leave are likely out.  West Virginia Senator Joe Manchin says that’s a good call; “To expand social programs when you have trust funds that aren’t solvent, they are going insolvent.  I can’t explain that, and it doesn’t make sense to me.  I want to work with everyone as long as we can start paying for things.”  White House press secretary Jen Psaki in what President Biden wants; “His preference would be for it to be 12 weeks and expansive as was in the original proposal.  Obviously, there is not enough votes for that in Congress.  That’s a reality of legislating.  So right now, we are fighting to keep it included, but I don’t have a specific update on what it looks like in this moment.”  The bill also funds sufferers to fight climate change and the president had hoped to have an agreement in place before he leaves tomorrow for a global climate change summit.

2)        A day after Illinois, to bell it up, on the east coast.  Thousands are without power in Massachusetts.  Governor Charlie Baker; “So should we remember the storm isn’t finished, includes our working to make roadways and other infrastructure safe.”  Baker says it could take days to restore power to everyone.

3)        There was some complacency.  That from investigators who are looking into last week’s deadly shooting on a movie set in New Mexico.  “Come      for the first time that it was a live bullet fired from the gun in Alec Baldwin’s hand, that killed cinematographer Halyna Hutchins and injured director Joel Souza on a set of the movie ‘Rust’ in New Mexico.  ‘The actual lead projectile that was fired has been recovered from the shoulder of Mr. Souza.’  Santa Fe County sheriff Adan Mendoza at the news conference Wednesday revealing they recovered additional live rounds from the set, but couldn’t or wouldn’t say yet how they got there.  He says the investigation continues and the district attorney for the area said a possibility of criminal charges remains.  Jason Nathanson, ABC News, Hollywood.”

4)        The FDA’s finalized new warnings about breast implants.  They required doctors to provide detailed information to patients about the risks and complications.  You’re listening to ABC News.

 

5-1)  I am Connell McShane.  This is the Fox Business report.

      “Stocks retreating from recent highs and closing mixed as investors absorbed a huge butch of earnings from tech-heavy weights.  Microsoft shares jumped 4% after the software giant reported earnings that exceeded analysts’ estimates and the fastest revenue growth since 2018, while Google parent Alphabet gained 5%, following a stronger than expected quarterly report.  The Dow falling 266 points, the Nasdaq closing flat, S&P 500 down 23.

 5-2)  And businesses looking up at the Golden Arches.  McDonald’s said their higher menu prices along with bigger order sizes increased its revenue in the US, while loosening pandemic restrictions overseas helped boost its international business.  McDonald’s stock gained 3%.

 5-3)  And Thermo Fisher stock rose 1% after the scientific instrument maker posted higher than expected quarterly earnings and revenue and raised its four year guidance.

 That’s your Fox Business report.  I am Hilarie Barsky, invested in you.”  

AFN News October 21

 

ABC NEWS   OCTOBER 21, 2021

 

1)        From ABC news, I am Daria Albinger.  It could be a break in the case of a missing Florida man Brian Laundrie.  Authorities have wanted to talk to him since his fiancé Gabby Petito disappeared.  Her body later found in a national park in Wyoming.  “Investigators confirmed now not only are the remains human that were found in the park adjacent to wildlife reserve, that police and agents had been searching for weeks, but items found near the human remains belong to Brian Laundrie.  FBI special agent in charge, Michael McPherson; ‘Investigators found what appears to be human remains along with personal items, such as a backpack and notebook, belonging to Brian Laundrie.’  The area where the remains were found was until recently covered in swamp water.  Agents were reportedly led there by Brian Laundrie’s parents.  Alex Stone, ABC News.”

 

2)        The FDA is recommending booster doses of Moderna and Johnson & Johnson’s COVID-19 vaccines.  The agency is also suggesting that the boosters could be mixed or matched.  The CDC will have the final say. 

 

3)        The Senate’s failed to get the 60 votes needed to begin debate on the voting rights act.  Senate Majority Leader Chuck Schumer blasted the Republicans for blocking it; “By preventing the Senate from functioning as it was intended, Republicans in this body are permitting states to criminalize giving food and water to voters at the polls.”  Republicans say voting is a state’s issue.

 

4)        President Biden pushing a scaled-back 2 trillion-dollar domestic spending package in a visit to his hometown of Scranton, Pennsylvania; “In the Build Back Better plan, I got more money for passenger rail than the entire Amtrak system cost to begin with.  We’re going to change the nation in a big way.”  The White House is giving lawmakers until the end of next week to reach a deal.

 

5)        The NTSB says an investigation into yesterday’s plane crash near Houston could take over a year.  The black box and the flight data recorder were damaged when the chartered jet burst into flames.

 

6)        Stocks closed higher today.  You’re listening to ABC News.

 

 

7-1)  I am Susan Li, and this is the Fox Business report.

      “Stocks ended higher with the Nasdaq and S&P 500 closing in the green for the fifth straight session as strong corporate earnings reports eased investors’ concerns over broader economic slowdown.  Healthcare companies were among the gainers with Johnson & Johnson leading the charge after the pharmaceutical giant posted a larger profit in its third quarter than a year earlier.  The Dow rising 199 points, the Nasdaq up 107, S&P 500 up 33.

 

7-2)  And more people were watching Netflix in the summer quarter.  The streaming giant reported earnings beating Wall Street estimates in its revenue in line with forecast.  Netflix added around 4.4 million global paid subscribers, beating estimates as the company began to roll out a slew of content like a popular ‘Squid Game’.  Netflix said it expects to add 8.5 million subscribers in the fourth quarter.

 That’s your Fox Business report.  I am Hilarie Barsky, invested in you.”  

AFN News October 14

ABC NEWS   OCTOBER 14, 2021

1)        From ABC news, I am Daria Albinger.  With the holiday shopping and shipping season just around the corner, President Biden is announcing some big changes to e-supply chain problems, and to get goods where they need to go.  “Not only will the port of Los Angeles now work around the clock unloading shipments; ‘Our nation’s largest retailer is committing to go all in on moving its product 24/7 from the ports to the stores nationwide.’  President Biden announcing that Walmart, Target and shippers UPS and FedEx will work extra shifts and add workers to break the supply chain bottle-necks, hurting companies and raising prices.  Andy Field, ABC News, Washington.”

2)        A decision is expected from the FDA in a matter of weeks on whether it will grant emergency use authorization for Pfizer’s COVID-19 vaccine for use in 5-11-year-olds.  Surgeon General Vivek Murthy today is White House covid response team briefing; “We could hear decisions from both agencies, FDA and CDC by early November, and we will be ready to implement their recommendations as soon as we hear them.”  Pfizer is offering a lower dose of its two-shot vaccine for kids.

3)        Regulators are also hoping that more Americans will shake the salt habit.  The FDA is suggesting a voluntary reduction in sodium intake in foods that we prepare in those made by food service businesses.  White House spokesman Jen Psaki; “On average, Americans consume 50% more sodium than recommended, which is liked to high blood pressure and increased risk of heart disease and stroke, and we believe that today’s action will lead to 12% reduction in average sodium intake over the next 2 and a half years.”  The average sodium intake is about 3400 mg a day; the new guideline for those 14 and older to keep it to 2300 mg or less.

5)        Going where few men or women for that matter have gone before, actor William Shatner best known for playing Captain James T Kirk of Star Trek, took a ride to the Age of Space on a Blue Origin rocket.  You’re listening to ABC News.

6-1)  I am Charles Payne, and this is the Fox Business report.

      “Stocks finished mixed with the Nasdaq and S&P 500 snapping a 3-session losing streak as investors digested earnings results and inflation data.  The consumer price index was 5.4% in the year ending in September, a slightly faster pace in expected as labor shortages and supply chain snarls kept prices high.  The Dow falling less than a percent, the Nasdaq up 106 points, S&P 500 up 13.

6-2)  And shares of JP Morgan Chase tumbled nearly 3% despite reporting earnings and revenue that exceeded Wall Street estimates.  The Wall Street bank benefited from the release of over $2 billion of loan-loss reserves that will build up to ride out after pandemic.  

6-3)  And shares of Apple ended slightly lower following reports that the tech giant will cut iPhone 13 production to up to 10 million units amid a shortage of components from chip suppliers, Broadcom and Texas instruments.

 That’s your Fox Business report.  I am Hilarie Barsky, invested in you.”  

AFN News October 7

 

ABC NEWS   OCTOBER 7, 2021 

1)        From ABC news, I am Daria Albinger.  They’ll have a deal at least for now.  Multiple Senators and aides are telling ABC News Democratic members intend to take Minority Leader Mitch McConnell up on his offer to raise the debt limit into December, but Hawaii’s Mazie Hirono wasn’t impressed; “Why should we accept any part of a BS offer?”  Oklahoma Republican Jim Inhofe is putting his face on the minority leader, “I think Mitch McConnell did the right thing by making the statement that he is going to encourage us to, for the first time stand strong.”  The Treasury Department says the nation will no longer be able to pay its bills if Congress doesn’t act before October 18th.

2)        It will soon be easier to get enough at-home COVID-19 tests.  “That means we will have available supply of 200 million rapid at-home tests per month starting in December with supply of tens of millions of additional tests coming on the market across the next few weeks”; White House corona virus response coordinator Jeff Zients.

3)        Los Angeles is enacting one of the country’s toughest vaccine mandates.  “Entering indoor restaurant, bar, gym, shopping center, entertainment venue or personal care like a barber shop or nail salon will require proof of full covid vaccination beginning in November.  Already LA’s mayor he said he will sign the ordinance into law.  It’s unclear which department will enforce a law.  Violations will range from $1,000 to 5,000.  Alex Stone, ABC News, Los Angeles.”

4)        The cleanup continues along southern California beaches affected by a huge leak of oil spills.  “We have upwards of 350 personnel on the beaches cleaning up, and at this point California residents can be assured that we’re utilizing as many resources as we can to protect our wildlife”; Coastguard Lieutenant Christian Corbo.

5)        Police in Arlington, Texas, say an 18-year-old student is in custody in connection with the school shooting which left 4 injured.  You’re listening to ABC News.

6-1)  I am Charles Payne, and this is the Fox Business report.

“Stocks staging a comeback in a final hour of trading after a morning selloff.  Stock trading has been choppy lately as investors have grappled with soaring energy prices and general shift higher in government bond yields.  The Dow rising 103 points, the Nasdaq up 68, S&P 500 up 18.

6-2)  And shares of American Airlines and JetBlue fell after analyst of Goldman Sachs downgraded both of their ratings due to concerns about fuel cost and slowdown in economic growth.

6-3)  And Bank of America, the second largest bank in the US, is raising its minimum hourly wage in the US to 21 bucks.  The firm has already pledged to increase pay to $25 an hour by 2025. 

6-4)  And Kroger going on a holiday hiring spree, and will be recruiting 20,000 associates for the holiday season.  Kroger’s hiring event slated for October 13th and will include interviews on-site and virtually.

That’s your Fox Business report.  I am Hilarie Barsky, invested in you.” 

AFN News September 30

 

AFN NEWS

Thursday, September 30, 2020

                                            

1)    From ABC News, I’m Daria Albinger. President Biden’s met with Democratic leaders with part of his agenda hanging in the balance on a possible government shutdown looming.  “And Democrats passed all their spending bills before Thursday night’s government shutdown deadline.  ‘We’ll see,’; the president’s press secretary Jen Psaki describing negotiations with Mr. Biden’s, ‘We’re obviously at a precarious, and important time in these discussions.’  The president still talking with two reluctant Democratic senators.  Andy Field, ABC News, Washington.”

2)    A group of Senate Republicans says it shows the Democrats are not maintaining control, South Dakota Senator John Thune; “I think what you’re seeing as a result of that unified control of the government by the Democrats is a crisis incompetence.”  But Democrats say raising the debt ceiling would pay for expenses from the previous administration.

                                           

3)    General Frank McKenzie told the House Armed Services Committee that former President Trump’s deal with the Taliban to withdraw all US troops from Afghanistan can be linked to the collapse of that nation’s government.  The head of Central Command joined by Defense Secretary Lloyd Austin and the joint chiefs of staff chair General Mark Milley at the hearing.

 

4)    An urgent health advisory from the CDC regarding pregnant women in COVID-19.  “Startling numbers from the CDC on pregnant women contracting COVID-19 since the pandemic began; there’ve been more than 125,000 cases of COVID in expected mums in the US, including more than 22,000 hospitalized and 161 deaths.  And low vaccination rates may be the reason; just 31% of pregnant women have been vaccinated, Asian mums to be the highest number, pregnant black women are the least vaccinated.  The CDC urging all pregnant women to get their shots to prevent serious illness, death or pregnancy complications.  Derricke Dennis, ABC News.”

                   

5)      And New Hampshire state troopers escorted state workers attending the meeting on at Saint Anselm College to their cars after anti-vax protesters descended on campus.  You’re listening to ABC News.

                                                ………………………………………．．

I’m Charles Payne, and this is the Fox Business Report.

“Stocks ended mixed after rising bond yields triggered the biggest decline in months on Wall Street on Tuesday.  The Dow rising 91 points, the Nasdaq down 34, S&P 500 up 7. // And shares of discount retailer Dollar Tree popped over 16% after the discount retailer announced that it is increasing its stock buybacks and testing out higher prices at some locations. // And shares of eyewear maker Warby Parker made their Wall Street debut in the direct listing rather than an initial public offering.  Warby shares closed 35% higher from a reference price of $40 a share. // And home improvement retailer Rose is launching a new discount for first responders to thank them further service from October 22nd through 24th.  Eligible first responders can save 10% on select items at stores nationwide and also online.

That’s your Fox Business report. I am Hilarie Barsky, invested in you.” 

 

 

AFN News September 23

AFN NEWS

Thursday, September 23, 2021

1) From ABC News, I’m Daria Albinger. An advisory panel to the CDC grappled with the question of who should get COVID 19 booster shots and when. It adjourned without a decision. The FDA could make its own decision as soon as tomorrow. President Biden also focusing today on vaccine. President Biden at a virtual summit on global vaccination effort said that government alone cannot tackle this urgent crisis. “We’ve asked our nongovernmental partners to take up the call for new actions that will solve the core challenges of making vaccines available to everyone, everywhere, solving the oxygen availability crisis, financing health security, and more. And I’m grateful.” The President says now is the time to quote “go big in order to get people vaccinated and defeat the virus.” Karen Travers ABC News at the White House.

2) Florida Department of Health will allow parents to decide whether their child will quarantine or stay in school if they’re exposed to COVID 19. “Quarantining healthy students is incredibly damaging for their educational advancement. It’s also incredibly disrupted,” Governor Ron DeSantis.

3)Time is running out for congress to pass a short-time spending bill which will prevent the government from shutting down. White House Press Secretary Jen Psaki says they are planned just in case. “They’re always working on contingency plans but our focus is on preventing it from happening.” Government will run out of money by the end of the month which is next week unless the bill is passed. Bipartisan police reform task ended without agreements after months of negotiations

4) The Federal Reserve will wind down its unusual economic support in the coming month. As reopening continues, bottleneck is hiring difficulties and other constraints could again prove to be greater and longer lasting than anticipated posing upside risk to inflation. Chair Jerome Powell says Central Bank also move up plans to consider interest rates hike from 2023 to next year. You’re listening to ABC News.

……………………………………………………………..

I’m Charles Payne, and this is the Fox Business Report.

Stocks are rallying after the Federal Reserve’s latest policy decision. The central bank says it would be keeping its interest rates unchanged to near zero present and is moving up its timetable for a potential rate hike to 2022 from 2023 as the economy and inflation pick up. Fed officials also signaled but they are almost ready to taper the bond buying purchases. // And Facebook stock is dropping after an executive with the social media companies said the privacy changes from Apple continued to impact advertisers. // And FedEx shares are tumbling after the delivery giant spent additional $450 million due to problems of attracting workers in this latest quarter which in turn contributed to it with an 11% drop in profit. FedEx also lowered its outlook for the year due to a tight labor market and higher expenses.

That’s your Fox Business Report. I’m Hilarie Barsky, invested in you.

                                                       

AFN News September 16

AFN NEWS

Thursday, September 16, 2021

1) From ABC News, I’m Chuck Sivertsen. President Biden announcing a new Indo-Pacific Security Alliance between the U.S., Britain and Australia for greater joint defense capabilities starting with sharing nuclear-powered submarine technology with Australia. “Although Australia, the U.K. and U.S. partnership, AUKUS - it sounds strange with all these acronyms, but it’s a good one, AUKUS - our nations will update and enhance our shared ability to take on the threats of the 21st century just as we did in 20th century together.” The new security alliance is likely to be seen as a provocative move by China.

2) The Pentagon not commenting on a book quoting the Joint Chief’s Chair General Mark Milley reassuring China that the then President Trump wouldn’t launch an attack after losing the election. “Pentagon spokesperson John Kirby now reporting the confirmed US General and China reported conversation about a possible conflict at the end of President Trump’s administration but saying it wouldn’t be unusual that General Mark Milley weighed in. ‘He is the prime military adviser to the President and this would be a military decision of profound proportion.’ Former President Trump calling the reported General Milley China reassurance called treason. Milly hasn’t commented. Andy Field ABC News Washington.”

3) Moderna releasing data showing its COVID vaccine needs a booster after six months. Company president Stephen Hoge says although the vaccine is still effective, “There is still gonna be warning immunity, and so while we are overseeing right now in a phase of the Delta surge, just higher efficiency and perhaps a little bit higher durability. That’s not permanent. We’re now gonna be defy gravity forever.” This Friday government adviser has set to debate safety and effectiveness of a Pfizer booster.

4) US capitol police say they’ve asked the Defense Department for DC National Guard personal for security on Saturday during a planned protest and support of the January 6th insurrectionists.

5) Energy and technology companies helped lift stocks on Wall Street broadly higher. You’re listening to ABC News.

……………………………………………………………..

I’m Charles Payne, and this is the Fox Business Report.

Stocks ending in the green after reasonable losses. The major averages have slipped in September with some investors worried the markets were right for correction after marching higher for much of the year. The Dow rising 237 points, the Nasdaq up 124, S&P 500 up 38. // And Microsoft stocks dipping in record territory and rising nearly 2% after the software giant announced an 11% dividend hike, raising its quarterly payout 62 cents a share from 56 cents as well as announcing its $60 billion stock buyback program. // And Switzerland-based On Holding debuted to cheers on the New York stock exchange during its Wall Street debut. Shares of athletic footwear company backed by tennis star Roger Federer surged 46 % from its initial public offering price of $24.

That’s your Fox Business Report. I’m Hilarie Barsky, invested in you.          

AFN News September 9

 ABC NEWS   SEPTEMBER 9, 2021 

1)    From ABC news, I am Daria Albinger.  The Pentagon sent a team of healthcare professionals to Idaho, where vaccination rates are low and COVID-19 cases are skyrocketing.  Shawn Rayne is chief of Ada County Paramedics, says they are getting over a hundred calls a day; “I feel they’re are working harder than they’ve ever worked before.  You know, they are seeing more patients on a daily basis.  They’re working harder.” 

President Biden will outline a six-pronged plan to combat the delta variant in his speech to the nation tomorrow.

2)    A Florida judge deals a setback to Governor Ron DeSantis’s ban on school mask mandates. “A judge in Leon County said Wednesday that Florida cannot enforce its ban on mask mandates, while an appeals court sorts out challenges to the law.  Circuit Court Judge John C. Cooper said that there is overwhelming evidence before him that wearing masks does provide protection against COVID-19 for kids in crowded schools especially, since there’s no vaccine available for kids under 12.  This means the mask mandate provision is on hold as the case works its way through the courts.  It could make its way all the way to the state’s supreme court.  Mark Remillard, ABC News.”

3)    Eleven more deaths in Louisiana bring the death toll from Hurricane Ida and its remnants to 82 in 8 states. 

Tropical storm warnings are in effect for part of the Florida Panhandle with Mindy expected to bring heavy rain and gusty wind to the region tonight. 

4)    The White House isn’t stopping evacuation flights from leaving Afghanistan, but it’s preventing some planes from landing on US bases.  “The US says there’s a problem with some Americans still in Afghanistan.  They may be on planes with Afghans who are not allowed on US bases when they land.  ‘How to keep people on our military bases safe, while also getting these US citizens, dual citizens, people who are prepared to leave Afghanistan, are able to leave.’  Spokesperson Jen Psaki saying the US will only allow properly vetted people to land the US bases.  Andy Field, ABC News, Washington.”

5)    Stocks closed lower on a report from the Fed that the economy slowed this summer.  You’re listening to ABC News.

 

6-1)   I am Charles Payne, and this is the Fox Business report.

“Stocks finished lower as investors continued to worry over the elevated number of COVID-19 cases and uncertainty over when the Federal Reserve will begin to dial back monetary support.  The Dow falling 69 points, the Nasdaq down 88, S&P 500 down 6.

6-2)  And shares of meme sensation stock GameStop fell in the extended session after the videogame retailer reported second quarter results that beat revenue estimates, but fell short on earnings.  GameStop also announced that it has entered into a lease of a new 500 square foot fulfilment center in Reno, Nevada, as well as a lease of a new customer care center in Pembroke Pines, Florida.

6-3)  And Wingstop will be adding thighs to its menu, following the success of the launch of its virtual brand Thighstop, which will still be made available on its delivery platform DoorDash. 

That’s your Fox Business report, I am Hilarie Barsky, invested in you.” 

 

AFN News September 2

ABC NEWS   SEPTEMBER 2, 2021 

1)      From ABC news, I am Daria Albinger.  A chapter in the nation’s opioid crisis has been closed.    A pharmaceutical giant, many say, with the center of it, has learned today that its $10 billion bankruptcy reorganization plan has been approved; “With the judge’s approval, Purdue Pharma will cease to exist; its asserts transferred to a new public benefit cooperation that’s task with combatting in opioids epidemic.  The company’s been accused of accelerating through aggressive and misleading marketing of Oxycontin.  The plan includes a contribution of roughly $4.5 billion from members of the Sackler families, even though they have denied wrong-doing or liability in exchange their immune from opioids lawsuits and admit no wrong-doing in a crisis that has afflicted hundreds of thousands of Americans.  Aaron Katersky, ABC News, New York.”

2)       The Louisiana is beginning to recover from Hurricane Ida.  “We start to see the lights come back on, in some places.”  Governor John Bel Edwards says more than 11,000 homes and businesses had power restored today, but a million in Louisiana and Mississippi are still without power.  Edwards also says gas and diesel are in short supply. 

3)       Praise for US service members who helped evacuate more than 120,000 people from Afghanistan over the last two weeks.  “The Pentagon’s saying that even though the troops are out, the challenge isn’t over; ‘Continue our counter terrorism efforts, continue our military efforts to protect the American people for the next 20 years’; Joint Chief of Staff Chairman General Mark Milley saying the US is able and ready to attack terror groups inside Afghanistan by air.  Andy Field, ABC News, Washington.”

4)       A student is dead and another is on the run after a school shooting in Mount Tabor, North Carolina.  Winston-Salem Police say the suspect has not yet been apprehended.  It was the second school shooting this week in the state.

5)            Stocks closed mixed, the Dow down slightly, the S&P 500 unchanged, and the Nasdaq at a new high.  You’re listening to ABC News.

6-1)   I am Charles Payne, and this is the Fox Business report.

“Stocks kicking off the first day of trading of the month, mixed on weaker than expected private payrolls data, but the Nasdaq notched a new record close its 33rd for the year.  The Dow falling 48 points, the Nasdaq up 50, S&P 500 up a point.  The private sector added 374,000 jobs in August, well below estimates.  The broader jobs report from the Labor Department comes out on Friday.

6-2)    And Amazon stock finished slightly higher.  The e-commerce giant said it’s looking to hire about 55,000 people globally among its corporate and technology ranks including 40,000 in the US during a recruiting event this month.  Amazon is continuing a hiring spree that began at the start of the pandemic.

6-3)    And shares of Workhorse tumbled 7%, following news that financial regulators have opened an investigation into the electric delivery truck company.

That’s your Fox Business report, I am Hilarie Barsky, invested in you.”